Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

To ensure the accurate and timely validation of payment transactions through the application of prescribed processes and procedures, thereby reducing operational risk, errors, and rework.

Job Summary

Employer: Standard Bank
Job Type: Full-time
Location: Windhoek, Namibia
Category: Finance
Closing Date: 2026-10-23

Key Responsibilities

Execute payment due diligence processes and procedures within prescribed turnaround times, ensuring compliance with Exchange Control rulings, regulatory requirements, and internal policies, while engaging relevant stakeholders to facilitate accurate transaction processing, reduce rework, and maintain high service standards.
Provide guidance and support to internal and external stakeholders in support of Payments strategic objectives, ensuring adherence to service level agreements (SLAs), delivering quality service, and fostering strong customer and business partner relationships.
Promote a culture of accuracy and quality by minimizing processing errors, rework, human incidents, and associated financial impacts.
Coordinate and support internal control reviews, internal and external audits, Financial Intelligence Centre (FIC) reviews, compliance reviews, and regulatory inspections by ensuring the timely provision of accurate information, documentation, and responses.
Monitor and track audit, compliance, and regulatory findings, ensuring that agreed action plans are implemented within prescribed timelines and that identified risks are appropriately mitigated.

Requirements

Degree in Business, Finance or any related qualification
3-4 years in Exchange Control Rulings
Knowledge of Exchange Control Regulations
Broad understanding of Payments Operations.
Understanding of the Bank’s systems, processes and procedures.
Understanding and facilitation of an active change agent role in assisting business
Understanding the basics of team dynamics and participation in developing and maintaining a team culture.
Knowledge of the applicable legislations

How to Apply

To apply, please visit: jobs.smartrecruiters.com

About the Company

Standard Bank Namibia is a prominent financial institution operating across Namibia, offering a comprehensive suite of banking and financial services. As a key subsidiary of the broader Standard Bank Group, it leverages regional expertise to serve individuals, businesses, and corporate clients within the country. The bank plays a vital role in Namibia's economic development, supporting various sectors through its extensive network of branches, ATMs, and digital banking platforms. Committed to local prosperity, Standard Bank Namibia continually aims to provide innovative solutions tailored to the unique needs of the Namibian market.

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Frequently Asked Questions

What qualifications or certifications are typically required for a Foreign Exchange Control Team Leader role at a bank like Standard Bank in Namibia?

Employers usually require a bachelor's degree in Finance, Economics, Accounting, or Banking, plus at least 5-7 years of experience in foreign exchange or treasury operations. Professional certifications such as ACCA, CIMA, or the Institute of Bankers Namibia (IOB) qualifications strengthen your application. Knowledge of Bank of Namibia exchange control regulations is essential.

What are the typical day-to-day responsibilities of a Foreign Exchange Control Team Leader?

You will oversee foreign exchange transactions, ensure compliance with Bank of Namibia regulations, and manage a team processing cross-border payments and currency trades. Daily tasks include reviewing exchange control applications, liaising with the central bank, resolving queries, and preparing regulatory reports. You will also train staff and implement risk controls to prevent regulatory breaches.

How does the work culture and management style differ in Namibian banking compared to other countries?

Namibian banking workplaces tend to be hierarchical with respect for seniority and formal communication channels. Decision-making often involves consultation across departments, and relationships with regulators like Bank of Namibia are collaborative rather than adversarial. Punctuality, professionalism, and strong Afrikaans or English communication skills are highly valued.

What career progression opportunities exist for someone in this role within Namibian banking?

Progression typically moves to Senior Manager or Head of Treasury Operations, then to Executive roles such as Chief Financial Officer or Head of Risk. Some professionals transition to consulting or join Bank of Namibia in regulatory positions. International mobility within Standard Bank's African network is also possible for high performers.

What employee benefits are standard for senior finance roles at major banks in Namibia?

Standard benefits include medical aid coverage, pension or provident fund contributions, and annual leave of 20-25 days. Many banks offer performance bonuses, study assistance for further qualifications, and group life insurance. Specific packages vary by employer and are usually negotiated based on experience level.

What do Namibian employers look for when reviewing applications for this specialized role?

Employers prioritize demonstrated experience with exchange control regulations and proven leadership of operational teams. Strong references from previous banking supervisors and a clean regulatory compliance record are critical. Tailor your CV to highlight specific achievements in risk management, team development, and regulatory reporting.